Registered number: 06947874 | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
Prepared By: | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
Millennium Wealth Management Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 06947874 | ||||||||
ACCOUNTANTS | ||||||||
GT Accountants Limited | ||||||||
Unit 7, The Court House | ||||||||
72 Moorland Road, Burslem | ||||||||
Stoke on Trent | ||||||||
Staffs | ||||||||
ST6 1DY |
Millennium Wealth Management Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/06/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 |
Millennium Wealth Management Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
Investment Assets | 4 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
46,596 | 62,470 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 27,503 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 7 | 35,551 | 37,963 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 3,096 | 4,222 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
Director | ||||||||||
Millennium Wealth Management Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/06/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | straight line 20% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | straight line 25% | |||||||
Motor Cars | straight line 25% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1d. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1f. Turnover | ||||||||
Turnover represents the value of goods and services supplied by the company, net of value added tax and trade discounts. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 6 | |||||
Millennium Wealth Management Ltd | ||||||||
3. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Fixtures | |||||||||
Machinery | and Fittings | Equipment | Motor Cars | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/07/2022 | 679 | 10,243 | 9,347 | 20,900 | 41,169 | |||||
Additions | - | 189 | 114 | - | 303 | |||||
At 30/06/2023 | 679 | 10,432 | 9,461 | 20,900 | 41,472 | |||||
Depreciation | ||||||||||
At 01/07/2022 | 609 | 5,815 | 6,786 | 14,105 | 27,315 | |||||
For the year | 70 | 1,142 | 1,131 | 1,699 | 4,042 | |||||
At 30/06/2023 | 679 | 6,957 | 7,917 | 15,804 | 31,357 | |||||
Net Book Amounts | ||||||||||
At 30/06/2023 | 10,115 | |||||||||
At 30/06/2022 | 13,854 | |||||||||
4. FINANCIAL ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/07/2022 | 830 | 830 | |||||||
Additions | 1,619 | 1,619 | |||||||
At 30/06/2023 | 2,449 | 2,449 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30/06/2023 | 2,449 | 2,449 | |||||||
At 30/06/2022 | 830 | 830 | |||||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 2,962 | 3,516 | ||||||
Other debtors | 2,550 | 2,550 | ||||||
Prepayments | 299 | 2,922 | ||||||
Accrued income | 9,305 | 24,501 | ||||||
Directors current account | 29,541 | 28,968 | ||||||
44,657 | 62,457 | |||||||
Millennium Wealth Management Ltd | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 13,326 | 20,591 | ||||||
PAYE control | 420 | 412 | ||||||
Salaries and wages control | 797 | 1,654 | ||||||
Bank loans and overdrafts | - | 1,062 | ||||||
Bank Loan | 5,556 | 11,042 | ||||||
Trade creditors | 412 | 206 | ||||||
20,511 | 34,967 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 35,551 | 37,963 | ||||||
35,551 | 37,963 | |||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 2 | |||||||
2 | 2 | |||||||